Topics for Economic Inclusion

The resources in this section highlights policy, procurement and resources targeted towards the advancement of equitable engagement for Tennessee’s Diverse Business Enterprises (DBEs) seeking certification, in addition to resources other underserved and underrepresented businesses.

Entrepreneurs with Disabilities

In a national study of business owners with disabilities, “91 percent said they enjoyed operating their businesses. 73 percent were satisfied with their businesses, 56 percent said that their businesses have met or exceeded their expectations.” Source: RTC Rural

“Interestingly, employed persons with a disability were also reported to be more likely in self-employment (11.1%) than employed persons without a disability (6.2%).” Source:SAGE Journals

Minority Business Enterprises

Minority-owned businesses comprise 19 percent of the all the firms, with or without employees, in Tennessee, with a significantly higher number, 50 percent, in the Memphis MSA.Source: BERO 2016 AR Addendum

Women Business Enterprises

Since the recession, the greatest growth in the number of women-owned firms has been seen in the South (Tennessee and South Carolina tied for 6th).

The 10 fastest-growing states since the recession in terms of combined economic clout – combining growth in the number, employment and revenues of women-owned businesses over the past nine years, Tennessee tied with Georgia in 7th place. Source: 2016 State of Women-owned Businesses Report

WBEC South - member-based, non-profit works to enhance business opportunities between women-owned businesses and corporations through a reputable certification program, education and professional growth opportunities

Previously Incarcerated Entrepreneurs

Statistics show that 97% of offenders currently incarcerated in Tennessee will return home one day, but close to half will be rearrested and return to prison or jail within three years of their release. Post-secondary education is a proven and powerful part of reducing recidivism.

Programs, Opportunities and Resources

Grants – see the grant section under Quick Links; grant dollars related to previously incarcerated typically go to nonprofits and government agencies to provide support services and training to affect recidivism

Rural Businesses

“In some places, county leaders are realizing that instead of relying on outside investments, their strongest assets are the infrastructure, skills, talent and resources already found within their communities. By focusing on strengths, counties are discovering a host of qualities unique to rural places that are key for retaining residents and attracting new growth.” Source: Cultivating a Competitive Advantage, NACO

Youth Entrepreneurship

The Global Entrepreneurship Monitor (GEM) estimates that of the entrepreneurs engaged in starting and running new businesses, 165 million early-stage entrepreneurs are young entrepreneurs (age 18 to 25). Source: GEM 2011 Global Report

Programs, Opportunities and Resources

DECA - prepares emerging leaders and entrepreneurs in high schools and colleges worldwide